Insights Into The Alcoholic Beverage Packaging Market’s Growth Opportunities Through 2023-2032 – Includes Alcoholic Beverage Packaging Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rising alcoholic beverage consumption is likely to promote innovation in the manufacture of alcoholic beverage packaging, propelling the market during the forecast period.
The global alcoholic beverage packaging market is expected to grow from $66.80 billion in 2022 to $72.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The global alcoholic beverages packaging market size is expected to reach $93.11 billion in 2027 at a CAGR of 6.6%.
Get A Free Sample On The Global Alcoholic Beverage Packaging Market Report:
Global Alcoholic Beverage Packaging Market Segments Include:
- By Product: Cans, Bottles, Other Products
- By Material: Glass, Metal, Plastic, Other Materials
- By Application: Beer, Wine, Spirits, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global alcoholic beverage packaging market in 2021.
Major Market Players in the alcoholic beverage packaging market include Mondi plc, Amcor Plc, Ball Corporation, Crown Holdings Inc., Berry Global Group Inc., Tetra Pak International S.A., Ardagh Group, Owens-Illinois (O-I) Inc., Krones AG.
Technological advancement is a key trend that is gaining traction in the alcoholic beverage packaging industry. Companies in the alcoholic beverage packaging market are creating innovative sustainable packaging technology to maintain their market position. For example, in July 2020, Diageo, a UK-based alcoholic and spirit maker, founded Pulpex Limited, a sustainable packaging technology company that produces 100% plastic-free spirit bottles made of paper, in collaboration with Pilot Lite, a UK-based venture management organisation. Bottles manufactured with this technique are made from pulp to meet food safety standards and are fully recyclable. This technique enables alcoholic beverage packaging makers to rethink their package designs and transition their existing packaging designs to paper while retaining product quality.
The Alcoholic Beverage Packaging Global Market Report 2023 provides a alcoholic beverage packaging market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The alcoholic beverage packaging market forecast analyzes alcoholic beverage packaging market size, alcoholic beverage packaging market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The materials and designs used to store and transport alcoholic beverages are referred to as alcoholic beverage packaging. The fundamental function of alcoholic beverage packaging is to keep and protect the liquid inside.
Explore Similar Reports From The Business Research Company:
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: